Dedicated hybrid drive system brings high performance and sustainability to leading Chinese OEM New 800V solution ensures a smooth and comfortable experience in all driving conditions Scalable DHD Duo design integrates seamlessly across various vehicle models, enhancing energy efficiency and driving versatility AURORA, Ontario, Nov. 19, 2024 (GLOBE NEWSWIRE) — As OEMs increasingly prioritize hybrid… Continue reading Magna Accelerates Hybrid Innovation With First Dedicated Drive System Award
Author: Magna International Official News
Magna Announces New 10% Normal Course Issuer Bid and Automatic Share Purchase Plan
AURORA, Ontario, Nov. 05, 2024 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG, NYSE: MGA) today announced the termination of its existing Normal Course Issuer Bid effective since February 15, 2024 (the “Prior NCIB”) and the Toronto Stock Exchange (“TSX”) has accepted its Notice of Intention to establish a new Normal Course Issuer Bid (the… Continue reading Magna Announces New 10% Normal Course Issuer Bid and Automatic Share Purchase Plan
Magna Announces Third Quarter 2024 Results
Sales of $10.3 billion decreased in-line with the 4% reduction in global light vehicle production Diluted earnings per share were $1.68, up $0.31, largely reflecting recognition of Fisker deferred revenue Adjusted diluted earnings per share were $1.28, down $0.18, including $0.10 due to a higher income tax rate Normal Course Issuer Bid to purchase up… Continue reading Magna Announces Third Quarter 2024 Results
Magna Debuts Scalable, Eco-Friendly ICE to Hybrid Transmission for European OEM
First high-volume contract award for new product supports various vehicle models globally with ICE transmissions New modular Dual Clutch Transmission enables seamless hybrid transition on the same vehicle platform with minor changes Efficient and compact design with optimized torque-to-weight ratio results in lower CO² emissions, contributing to a cleaner future AURORA, Ontario, Oct. 29, 2024… Continue reading Magna Debuts Scalable, Eco-Friendly ICE to Hybrid Transmission for European OEM
Magna Announces Date for Q3 2024 Results Call
AURORA, Ontario, Sept. 30, 2024 (GLOBE NEWSWIRE) — Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA INTERNATIONAL INC.THIRD QUARTER 2024 RESULTS WEBCAST FRIDAY – NOVEMBER 1, 20248:00 AM ET LIVE AUDIO WEBCASTWebcast registration: https://events.q4inc.com/attendee/431432937 DIAL IN DETAILS Participant Toll-Free Dial-In: 1-800-715-9871 Participant Toll Dial-In: 1-646-307-1963 Conference ID: 9829976 Slide presentation will be available on… Continue reading Magna Announces Date for Q3 2024 Results Call
Magna Recommends Rejection of “Mini-Tender” Offer
AURORA, Ontario, Aug. 09, 2024 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today reported that it has received notice of an unsolicited mini-tender offer made by TRC Capital Investment Corporation (“TRC Capital”) to purchase up to 2,000,000 Magna Common Shares, or less than 1% of Magna’s outstanding Common Shares, at a price… Continue reading Magna Recommends Rejection of “Mini-Tender” Offer
Magna annonce ses résultats pour le deuxième trimestre 2024
Affichant un total de 11,0 milliards de dollars, les ventes restent stables par rapport au deuxième trimestre 2023, contre une augmentation de 2 % de la production mondiale de véhicules légers Le bénéfice par action dilué et le bénéfice par action dilué ajusté s’élèvent respectivement à 1,09 dollar et 1,35 dollar. Les dividendes versés représentent une somme de 134 millions… Continue reading Magna annonce ses résultats pour le deuxième trimestre 2024
Magna gibt die Ergebnisse des zweiten Quartals 2024 bekannt
Der Umsatz in Höhe von 11,0 Milliarden USD entspricht dem 2. Quartal 2023, verglichen mit einem Anstieg der weltweiten Produktion von leichten Nutzfahrzeugen um 2 %. Der verwässerte Gewinn pro Aktie und der bereinigte verwässerte Gewinn pro Aktie lagen bei 1,09 USD bzw. 1,35 USD Dividendenausschüttung von 134 Mio. USD Ausblick 2024 für den Gesamtumsatz… Continue reading Magna gibt die Ergebnisse des zweiten Quartals 2024 bekannt
Magna Announces Second Quarter 2024 Results
Sales of $11.0 billion were level with Q2, 2023, compared to a 2% increase in global light vehicle production Diluted earnings per share and Adjusted diluted earnings per share were $1.09 and $1.35, respectively Paid dividends of $134 million 2024 outlook for Total Sales largely unchanged, Adjusted EBIT Margin range narrowed to 5.4% to 5.8%… Continue reading Magna Announces Second Quarter 2024 Results
Magna Announces Date for Q2 2024 Results Call
AURORA, Ontario, July 02, 2024 (GLOBE NEWSWIRE) — Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA INTERNATIONAL INC. SECOND QUARTER 2024 RESULTS WEBCAST FRIDAY – AUGUST 2, 2024 8:00 AM ET LIVE AUDIO WEBCASTWebcast registration: https://events.q4inc.com/attendee/760182349 DIAL IN DETAILS Participant Toll-Free Dial-In: 1-800-715-9871 Participant Toll Dial-In: 1-646-307-1963 Conference ID: 9829976 Slide presentation will be available on… Continue reading Magna Announces Date for Q2 2024 Results Call